Klondex Mines Clarifies Technical Disclosure
14 Novembro 2013 - 11:06PM
Marketwired
Klondex Mines Clarifies Technical Disclosure
ELKO, NV and VANCOUVER, BC--(Marketwired - Nov 14, 2013) - As a
result of a review by the British Columbia Securities Commission,
Klondex Mines Ltd. (TSX: KDX) (OTCQX: KLNDF) ("Klondex" or the
"Company") is issuing the following news release to clarify its
disclosure.
All non-compliant technical disclosure has been removed from the
Company's website in respect of the Company's Fire Creek project in
Nevada (the "Fire Creek Project") in accordance with National
Instrument 43-101 Standards of Disclosure for Mineral
Projects ("NI 43-101"). Specifically, the Company has removed
from its website disclosure in respect of a non-current mineral
resource estimate for the Fire Creek Project, which estimate had an
effective date of May 21, 2011 and was supported by a technical
report dated August 29, 2011 (the "2011 Technical Report"). Further
to the Company's news releases dated September 16, 2013 and October
31, 2013, investors are reminded that the current mineral resource
estimate for the Fire Creek Project is disclosed in the technical
report titled "Technical Report (Amended): Fire Creek
Exploration Project, Lander County, Nevada" dated November 14,
2013 (with an effective date of August 31, 2013), as amended,
prepared by Mark Odell, P.E., Principal Engineer, Practical Mining
LLC, Karl Swanson, Independent Mining & Geological Consultant,
SME, MAusIMM, and Michele White, Geologic Consultant, CPG #11252
AIPG, All One River GIS (the "2013 Technical Report"). The 2013
Technical Report supersedes the 2011 Technical Report in its
entirety and the 2011 Technical Report should no longer be relied
upon by investors. The 2013 Technical Report is available for
review under the Company's profile on SEDAR at www.sedar.com.
In addition, the Company hereby retracts all statements in its
September 16, 2013 news release and in its corporate presentation
on the Fire Creek Project regarding "verified continuity" of
mineralization at the Fire Creek Project. The majority of the
mineral resources disclosed in the 2013 Technical Report comprise
indicated and inferred mineral resources, which are estimates based
on reasonably assumed, but not verified, geological and grade
continuity.
The Company has also removed from its website the corporate
presentation on the Fire Creek Project and is in the process of
modifying and updating the presentation to comply with the
requirements of NI 43-101, including the requirements to (i)
disclose each category of mineral resources on the Fire Creek
Project separately; (ii) disclose the effective date of each
mineral resource estimate, the key assumptions, parameters and
methods used to estimate the mineral resources and any known risks
that could materially affect the potential development of such
mineral resources; and (iii) disclose the relationship to the
Company of the qualified person who prepared or supervised the
technical information contained in the corporate presentation and
on the Company's website.
About Klondex Mines Ltd. (www.klondexmines.com) Klondex Mines is
focused on the exploration and development of its Fire Creek gold
deposit in North-Central Nevada. Fire Creek is a compelling gold
project located in a mining-friendly jurisdiction, near major
producers, power, transportation, mining infrastructure and its
milling facilities. At November 14, 2013, and assuming the
conversion of outstanding special warrants to shares, Klondex has
79.2mm shares issued and outstanding and 103.1mm shares, fully
diluted.
This news release contains certain information that may
constitute forward-looking information under applicable Canadian
securities legislation. This forward-looking information entails
various risks and uncertainties are based on current expectations,
and actual results may differ materially from those contained in
such information. These risks and uncertainties include, but are
not limited to the risks and hazards associated with environmental
compliance and permitting for its underground operations, the
strength of the global economy; the price of gold; operational,
funding and liquidity risks; the degree to which mineral resource
estimates are reflective of actual mineral resources; the degree to
which factors which would make a mineral deposit commercially
viable are present. Risks and uncertainties about the Company's
business are more fully discussed in the Company's disclosure
materials filed with the securities regulatory authorities in
Canada and available at www.sedar.com. Readers are urged to read
these materials. Klondex assumes no obligation to update any
forward-looking information or to update the reasons why actual
results could differ from such information unless required by
law.
Contact: Paul Huet President & CEO Klondex Mines Ltd.
775-284-5757 Email Contact Alison Tullis Manager, Investor
Relations Klondex Mines Ltd. 647-233-4348 Email Contact Toni
Trigiani Investor Relations Catalyst Global LLC 212-924-9800 Email
Contact
Klondex Mines Ltd. (AMEX:KLDX)
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